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Reliance Retail - Future Group Deal Gets No-Objection Letter From BSE, SEBI


Jan 21 2021, 1:41 AM
January 21 2021, 1:32 AM
January 21 2021, 1:41 AM
Securities regulator SEBI granted conditional approval to Future Group s scheme of arrangement and sale of assets to Reliance Industries Ltd.’s retail business on Jan. 20, based on which the Bombay Stock Exchange also granted a no adverse observation report to the Rs 27,513-crore deal.
Securities regulator SEBI granted conditional approval to Future Group s scheme of arrangement and sale of assets to Reliance Industries Ltd.’s retail business on Jan. 20, based on which the Bombay Stock Exchange also granted a no adverse observation report to the Rs 27,513-crore deal.
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August. ....

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